KUALA LUMPUR (Bloomberg): Malaysia pushed back a hearing for Goldman Sachs Group Inc’s 1MDB case to September after a lawyer representing the US bank said the process of filing the charges remains incomplete.
KUALA LUMPUR : Malaysia pushed back a hearing for Goldman Sachs Group Inc’s 1MDB case to September after a lawyer representing the US bank said the process of filing the charges remains incomplete.Deputy public prosecutor Aaron Paul Chelliah said four summonses had been issued against Goldman Sachs entities.
However, Goldman’s lawyer Hisyam Teh Poh Teik sought a delay in the hearing after saying the charges remain incomplete. The US lender is accused of misleading investors when it arranged US$6.5bil of bond sales for 1Malaysia Development Bhd while allegedly knowing that the funds would be misappropriated.
A representative for Goldman declined to comment. The bank has denied the allegations and said it will defend against the charges.
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